American Capital Advisory LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

American Capital Advisory LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,055 shares of the e-commerce giant’s stock after acquiring an additional 538 shares during the quarter. Amazon.com accounts for about 0.9% of American Capital Advisory LLC’s holdings, making the stock its 27th largest position. American Capital Advisory LLC’s holdings in Amazon.com were worth $1,501,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new stake in Amazon.com in the third quarter worth about $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com in the third quarter valued at about $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com during the 3rd quarter valued at approximately $56,000. Finally, Christopher J. Hasenberg Inc increased its stake in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. Telsey Advisory Group increased their price objective on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler upped their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Scotiabank lifted their price objective on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a report on Friday, November 1st. Maxim Group boosted their price objective on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $238.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock worth $1,253,883,872 over the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ:AMZN opened at $227.46 on Friday. The firm has a fifty day moving average of $201.65 and a 200 day moving average of $189.72. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $231.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market capitalization of $2.39 trillion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.